Monday, November 21, 2016

Week Ahead: ES and Dia

Week Ahead: ES and DIA

Markets stayed strong after the election rally. The DIA (Dow 30) is leading the way after breaking through its short term trend. With possible new trade agreements and less regulations with a new administration this may benefit the large cap companies going forward. At some point we will get a pullback but the trend is your friend.

Finishing up the touches on updating my stock business plan. Made it more simple with the setups for newer traders. Should be complete by the up coming weekend. January first both plans will be $49.99 so get them now while on sale. 




* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE